86297
Nfts | Opensea | News 🚀 Best Platform for NFT Content 🗞 FOLLOW US for FREE NFT Tips! 🔥 Learn how to INVEST into NFTs 📧 Contact Me : @JonNfts T.me/Nfts_Opensea_News
💰 Polygon Celebrates 2.0 Launch With Open Edition NFTs
The crypto space is abuzz with news of the Polygon and Suku partnership for the introduction of an exclusive Open Edition NFT in celebration of the highly anticipated Polygon 2.0 upgrade. The news has captured the attention of many users and over 20,000 Twitter users have already minted their Polygon NFT, igniting a digital frenzy. The collaboration between Polygon and Suku promises to redefine the NFT landscape, offering enthusiasts an unparalleled opportunity to become a part of this revolutionary movement. The tweet encourages followers to mint their very own Polygon Open Edition NFT with Suku. Polygon 2.0 is touted as the epitome of unlimited scalability and unified liquidity, setting the stage for a new era of digital asset ownership. For those eager to participate, the Suku Wallet serves as the gateway to minting their coveted Polygon 2.0 Open Edition NFT. The Polygon 2.0 Open Edition NFT drop holds immense significance as it is minted exclusively within Twitter. This move not only showcases the platform’s power but also serves as a heartfelt tribute to the unwavering support of the Polygon community. The market is experiencing renewed craze with the introduction of these dynamic NFTs.
NFTs | OpenSea | News
💰 Ferrari worth $2.5 million is now a Polygon NFT
Imagine you buy a sports car, like a Ferrari F40, or a lavishly expensive watch, like a $195,000 Rolex, but you aren’t ready to shoulder the responsibility of caring for either item. Altr, a company which aspires to become a hub for the buying and selling of luxury items authenticated on the Polygon blockchain with NFTs, believes it might have the answer. And with the sale of a Ferrari F40 for $2.5 million, the firm hopes to have demonstrated how such a high-priced transaction facilitated by Altr works. “All collectibles are safely stored and maintained by Altr’s Oracles in safe storage facilities until the NFT holder decides to redeem the physical collectible,” the company said in a statement. “The speed with which the car sold is a testament to the confidence that the community has in Altr and the technology on which it is built” said Davide Rovelli, who, according to the statement, is “one of Altr’s initial supporters.”. Altr, however, did not sell the Rolex to one buyer, but instead to a group of buyers. The company has introduced what it calls “fractionalized” ownership that entitles would-be collectors to a piece — essentially a share — of a luxury item. People who own a fraction of an item receive an NFT.
NFTs | OpenSea | News
🖼 AI opens doors for NFT artist Ellie Pritts at Bitforms gallery in NYC
Artificial intelligence and analog technology collaborate across the imaginative animations of noted Los Angeles-based NFT artist Ellie Pritts. This month, Los Angeles-based nonfungible token (NFT) artist Ellie Pritts is celebrating “In the Screen I am Everything,” her first solo show in New York City — and her first time taking over pioneering net art gallery Bitforms. Eight animations from the technicolor exhibition are available to mint as NFTs on Ethereum, displayed on screens alongside a few physical prints. Pritts broke onto the NFT scene in 2021 when she tried minting a few existing video artworks — and watched them take off. Her video practice had been mostly therapeutic, but suddenly the blockchain boom made her work valuable enough to fund the acquisition of new tools, which Pritts used to make more sophisticated video artwork. She’d shot concert photography before the COVID-19 pandemic and performed as a professional cellist — until 2021 also forced her to confront medical issues she’d been avoiding, like her newfound inability to hold her bow. Pritts made a New Year’s resolution to begin painting portraits in early 2021 but couldn’t use a pencil to draw preliminary sketches.
NFTs | OpenSea | News
💰 Solana beats Ethereum in 24 hour NFT sales for the first time in history
Solana ranks among the altcoins labeled as “securities” by the US Securities and Exchange Commission (SEC). The SEC’s clampdown on cryptocurrencies triggered a steep decline in SOL price and resulted in a delisting of the altcoin across crypto exchanges. The total volume of NFT sales on the Solana blockchain crossed $25.5 million, based on data from tracker Sol Bulletin. At the same time, the NFT trade volume on the Ethereum blockchain exceeded $24.5 million, lagging behind Solana by nearly a million. For the first time in the history of the two altcoin blockchains, Solana outperformed Ethereum. This is a key milestone for SOL as the asset is tackling selling pressure from the SEC’s crackdown and series of delisting across crypto exchanges and social trading platforms. DeFi data tracker DeFiLlama pegs the total volume locked (TVL) in the Ethereum blockchain at $26.7 billion, while for Solana it is a meager $265.57 million. If the NFT trade volume on the Solana blockchain continues rising, there is a likelihood of the protocol’s TVL climbing in the long term, fueling SOL price recovery. Solana price failed to catch up with the surge in the altcoin’s NFT trade volume.
NFTs | OpenSea | News
🖼 Logan Paul Hasn’t Refunded $1.8M To CryptoZoo Scam NFT Buyers After 6 Months
The publisher of the CryptoZoo NFT scam project, Logan Paul, has yet to fulfill his promise to return $1.8 million to investors over the past six months. YouTuber Logan Paul faced intense backlash six months ago for allegedly scamming his audience with an NFT gaming project called CryptoZoo, which was proposed in 2021. Paul and his crew were given ZOO tokens and sold NFT, but the game was never completed. Paul posted a video on 13 outlining his “three-step plan” right after receiving criticism to set things from YouTube investigators in January like Stephen “Coffeezilla” Findeisen became true. In Coffeezilla’s latest video, he shared a screenshot of an email communication with Paul’s attorney, Jeffrey Neiman of the law firm MNR, which seems to suggest that a specific plan has yet to be established. No refunds have yet been made to the affected investors. As alleged by Coffeezilla, Paul once promised to deposit all of their ZOO tokens into a burning wallet so that the tokens would be effectively destroyed. After that, they can only profit from their ZOO tokens. However, upon examining the official ZOO contract detailed in the token’s white paper, there is no clear evidence that Paul or Levin burned any of their ZOOs. According to BSC Scan data, no significant ZOO token burns from one or two wallet addresses have occurred since January 2023.
NFTs | OpenSea | News
🖼 Beeple Donates NSFW NFT to Castello di Rivoli, a Rarity in the Museum World
The Castello di Rivoli Museum of Contemporary Art in Turin, Italy, is now one of the few institutions to own an NFT by Beeple, the artist who helped put the digital-art format on the map with a 2021 auction at Christie’s. On Friday, the museum announced that Beeple had donated FTX BOARD MEETING, DAY #5676 11.13.2022 (2023), an image that features computer-generated versions of the embattled entrepreneur Sam Bankman-Fried graphically copulating with each other. Bankman-Fried, who was arrested last year for wire fraud and money laundering, ran FTX, a crypto hedge fund that has since declared bankruptcy. CoinDesk has reported that Bankman-Fried and his ex-girlfriend Caroline Ellison were part of a “cabal of roommates” that engaged in relationships with one another; the Beeple NFT is in part a reference to rumors that Bankman-Fried hosted orgies at the office of his currency company, Alameda Research. To underscore the NSFW quality of this NFT, the Castello di Rivoli announced the donation with a censored version of the image that blurred out most of the bacchanalia. Director Carolyn Christov-Bakargiev said this was a reference to censorship that takes place on social media, claiming that YouTube.
NFTs | OpenSea | News
🔫 Roblox wants to shed its ‘metaverse’ label
Tian Pei, Roblox’s head of sport, has been kept busy over the past few years with high-profile partnerships with Fifa, McLaren, Nascar and others. The platform helped codify many of the expectations brands have had for metaverse activations through those partnerships, but now it is looking to develop long-term partnerships rather than one-offs. While she believes those time-sensitive activations have a place, she says brands should “have a presence on Roblox, just as they do on Instagram”. WimbleWorld experience is continuing in the run-up to this year’s tennis tournament after a first showing last year. To that end, she explains that Roblox’s presence at conferences like SEG3 is in service of providing education for brands about the benefits of a long-time presence on the platform. Part of that process is about de-emphasizing the term ‘metaverse’, which carries with it some expectations, and instead reprioritizing Roblox itself as a platform in its own right. “We’re not talking about the metaverse,” she says, “we’re talking about UGC”. First and foremost is the fact that Roblox’s audience has aged up with the platform and is, therefore, older than might be expected. It has just introduced experiences and worlds that are restricted to anyone under 17.
NFTs | OpenSea | News
🖼 Candy Digital and Palm NFT Studio Announce Merger, Pioneering a New Era of Fan Experience
Candy Digital, a next-generation brand engagement platform, announced a merger with leading web3 technology and production company Palm NFT Studio. The merger unites two leading creators of officially licensed digital collectibles enjoyed by millions of fans across sports, entertainment, art and culture. Operating under the Candy Digital name, the combined company will accelerate the development and implementation of innovative digital experiences for some of the world’s leading brands. In addition, the merger is expected to accelerate Candy Digital’s sustainable growth strategy through the realization of various efficiencies and operating synergies. Candy Digital CEO Scott Lawin will lead the combined company. Palm NFT Studio Co-Founder and CEO Daniel Heyman will join as President of Candy Digital. “Over the past two years, Candy Digital and Palm NFT Studio have pioneered breakthrough digital experiences and crafted innovative creative tools, connecting fans to some of the world’s most captivating content. Together, we’ll accelerate our mission of defining a new category of brand experience that focuses on co-creation, rewarding loyalty and connecting communities,” said Lawin.
NFTs | OpenSea | News
🖼 Lacoste Reveals Gamified, Tokenized Ecosystem for NFT Holders
French clothing brand Lacoste announced Thursday the latest evolution of the company’s burgeoning Web3 program: a gamified, token-gated ecosystem that incentivizes users to participate in activities and community events by offering them NFT-related perks. Last June, Lacoste launched UNDW3 (pronounced “underwater”), a Web3 initiative centered around the release of 11,212 profile picture NFTs riffing on the brand’s crocodile-dominated motif. UNDW3 “missions” will unfold both on Discord and on Lacoste’s dedicated website, over the course of seasons that themselves will be split into month-long, themed chapters. UNDW3 NFT holders who connect their crypto wallets to the UNDW3 portal, which went live today, are now able to participate in creative contests and sessions, video game quests, and interactive conversations put on by Lacoste. The better users perform in these activities, the more points they will accumulate on their UNDW3 card, which is tied to their wallet and an associated Discord account. And the more points a user accumulates, the more their NFT will increase in rarity, which, per Lacoste, will increase the asset’s value. UNDW3 NFTs went on sale last summer for .08 ETH a piece; the collection’s floor price has since fallen to .0294 ETH, or just over $54 at writing.
NFTs | OpenSea | News
⚡️ MetaGod Creators Secures Metaverse Platform Mandate for Vrindavan Chandrodaya Mandir Trust
MetaGod Creators, a groundbreaking platform that is set to transform how people experience spirituality and devotion in the Mix reality, has won the phase 1 mandate for Vrindavan Chandrodaya Mandir Trust in metaverse platform. The account will be managed by the MetaGod’s Delhi office. An initiative by devotees of ISKCON Bangalore, Vrindavan Chandrodaya Mandir is the world's tallest temple under construction at Vrindavan, Mathura, India. Spread over several acres, the temple will perhaps be the tallest, grandest, and largest religious structure in India. The 70-storey tall temple will feature a capsule elevator which will take visitors from the ground level to the viewing gallery located close to the top, giving a comprehensive view of Braj area, project organisers said. Speaking about the win, MetaGod Team said, “Through the use of Mix reality, users can connect with their faith and have profound moments of devotion. MetaGod aims to bring the sacred and spiritual realm into the digital sphere. Vrindavan Chandrodaya Mandir is amongst the most ambitious spiritual projects globally. The Hare Krishna Movement has a large following with millions of congregational members worldwide. We are thrilled at the opportunity to create some memorable work.
NFTs | OpenSea | News
🖼 Azuki NFT collection ends Elemental mint with $37.5 million — before it was ever open to the public
Popular NFT collection Azuki ended a fresh mint with 20,000 ETH (around $37.5 million) in the bag — before it was ever open to the public. The new collection, called Azuki Elemental Beans, contains 20,000 NFTs tied to Azuki's main collection. Consuming an Azuki Elemental Bean reveals the user's Azuki Elemental, an avatar that can control water, fire, earth or lightning, according to the collection's OpenSea page. Half of the NFTs were given to Azuki holders for free. The auction started at 12:00 p.m. ET for Azuki holders, who could mint one Elemental for every Azuki NFT owned. At 12:10 p.m. ET, holders of BEANZ, a spin-off collection to Azuki, could mint one Elemental for every NFT owned, with additional constrictions if they hold an Azuki NFT and minted in the presale. Finally, at 12:20 p.m. ET, the Elemental mint opened up to the public. The Azuki Elemental sale used a dutch auction structure, in which the starting mint price was 2 ETH and would decrease by 0.1 ETH every five minutes until no NFTs were left. The launch of Elemental adds one more facet to the Azuki universe. The project launched its own virtual city called Hilumia in January 2023.
NFTs | OpenSea | News
🖼 Kendall Jenner, J Balvin to Judge NFT Competition for AIDS Charity
Fashion models Kendall Jenner and Kate Moss, musician J Balvin, artist Jeff Koons, and filmmaker Baz Luhrmann are among the celebrities set to serve on a panel that will select winning pieces of digital art to feature in an upcoming NFT collection, which is being organized to benefit The Foundation for AIDS Research (amfAR). Creators from around the world have until July 9 to submit original digital backgrounds to the panel via Prospect 100, a digital voting platform designed to showcase the work of under-exposed artists to curators at the top of their fields. Ultimately, 100 of those backgrounds will be chosen and randomly combined with foreground characters already created by amfAR to form the organization’s first-ever NFT collection. All of the proceeds from the collection’s sale, which is to take place at a later unannounced date, will benefit AIDS-related research. Designs submitted for the project will first be reviewed by a public vote on Prospect 100. Finalists will then be selected for the collection by the project’s celebrity panel, on the basis of originality, meaning, and coherence to the aesthetics of amfAR’s pre-designed foreground characters. That collection, Moon Phases, consisted of 125 NFTs, each of which is tied to a physical sculpture that will be sent to the moon via an autonomous lunar lander later this year.
NFTs | OpenSea | News
🖼 Azuki Expands With New 20K Ethereum NFT Collection, Elementals
Chiru Labs, the Web3 startup behind popular Ethereum NFT collection Azuki, is set to extend the project with the release of 20,000 new NFTs on Tuesday, the company announced. The new collection, Azuki Elementals, will expand the universe of the original anime-themed project with additional profile picture s(PFPs). The 10,000 existing Azuki NFT owners have already been airdropped a token for one of the Elementals, leaving half of the supply for the public sale. At the "Follow the Rabbit" community event in Las Vegas on Friday. Remaining Elementals will go on sale Tuesday at 9:20 am PST via a Dutch auction, at a starting price of 2 ETH (about $3,750) apiece, with the price dropping every 5 minutes until the supply is depleted. The price of the final NFT sale will ultimately be the price that everyone pays, and earlier buyers will be refunded the difference. Current holders of Azuki NFTs will have a slim 10-minute window prior to the auction’s start to purchase additional Elementals in a preferential presale, while owners of Beanz NFTs (a collection spun off from Azuki) will similarly get 10 minutes after that (just before the public sale) to snatch up Elementals NFTs. While details regarding Elementals are still under wraps, the collection’s slogan, ”Four Domains, One Garden,".
NFTs | OpenSea | News
⚡️ Lego and Epic Games Revive the Metaverse Conversation at Cannes Lions Festival
Lego and Epic Games collaborate to reignite the metaverse conversation at Cannes Lions Festival. Together, they discussed a shared vision for an engaging experience. They aim to merge the digital and real world, offering new ways for Lego fans to build and create. The partnership highlights an appeal to younger audiences and their commitment to user safety. Together, they’ll work towards creating metaverse standards for accessibility, fairness, and creativity. Lego and Epic Games joined forces at the Cannes Lions Festival to discuss their shared vision for the metaverse and propose standards for an engaging experience. The metaverse conversation has been quiet this year, but Lego and Epic Games aim to reignite the excitement. Additionally, Lego’s chief marketing officer, Julia Goldin, and Epic Games’ president, Adam Sussman, highlighted the possibilities of the metaverse and teased play experiences that merge the digital and real world. While specific products were not revealed, Lego fans can look forwards to new and exciting ways to build and create.
NFTs | OpenSea | News
🖼 GameFi delivers Oasys Navi NFT gaming marketplace
GameFi forms an exclusive partnership with Oasys and jointly delivers its Oasys Navi NFT gaming marketplace. This is the latest project that has been unsheathed by the two entities. The project will be responsible for organizing prime gaming-oriented NFT launches. GameFi, on its part, will be backing INO and IDO campaigns that exist on the Oasys blockchain, as well as other fresh NFT projects. In the case of the uninitiated, GameFi is basically a Web3 platform, while Oasys is a well-known and respected Japanese gaming blockchain. According to the Head of Ecosystem Alliance at Oasys, Yas, they are looking forward to taking this partnership forward and making a difference to the overall Web3 gaming market as well as creating an atmosphere of all-inclusiveness where the whole gaming community is concerned. As a mark of commitment from their side, they have jointly come out with the Oasys Navi NFT marketplace. As a part of their next plan of action, the two companies, GameFi, together with Oasys, will be involved with the deliverance of a beta version of an NFT marketplace. There will be a game dashboard and a mainnet launch which is in the offing. Collectively, the two entities will be delivering INOs, and features like tournaments will also be in the picture in the very near future.
NFTs | OpenSea | News
🖼 Gauging Blur NFT marketplace’s appeal as it challenges OpenSea’s dominance
The Blur NFT marketplace has been around for less than a year but it has already secured a substantial share of the NFT market. A bit of background data would be ideal before we look into whether Blur [BLUR] NFT marketplace has what it takes to be king of the NFT segment. Blur is based on the Ethereum [ETH] blockchain and has been operational since October 2022. It is one of the fastest-rising marketplaces in the NFT segment and that is not surprising. The fact that Blur operates on the Ethereum blockchain means it has access to a lot of liquidity. However, this is not the main reason for its rapid growth. The main reason is perhaps the fact that the Blur NFT marketplace does not charge any trading fees. In addition, NFT sellers on the marketplace can earn royalties. How does Blur stack up against the OpenSea NFT marketplace? The Blur NFT marketplace has been performing surprisingly well and this is partly because it has been capitalizing on OpenSea’s blunders. The latter includes halting creator royalties, a move that encouraged traffic to shift from OpenSea to Blur. To put Blur’s win over OpenSea into perspective, the former dominated 65% NFT market.
NFTs | OpenSea | News
🖼 'Galaxy Commanders' NFT Space Battler Coming to Immutable zkEVM
Galaxy Commanders, a player-versus-player (PvP) space shooter developed by a new team of video game industry veterans, has been announced for release on Ethereum scaling network Immutable zkEVM. Developed by MagmaByte, a startup including former Electronic Arts (EA), NCSoft, and Nexon developers, Galaxy Commanders will task players with leading fast-paced space battles and cooperative planetary conquests using a variety of different strategies. At a glance, it looks akin to EVE Online or Star Citizen—but with an NFT twist. During these space fights, gamers can collect unique battleships that will help them build their own customized fleet. Each battleship will come with its own unique visuals, specifications and upgradeable skills, while further upgrades will be available via a range of NFTs and Galaxy Commanders' in-game currency, Dimensium. MagmaByte has teamed up with game publisher Immutable to launch the game on the upcoming Immutable zkEVM—a next-generation Ethereum layer-2 scaling network purpose-built for games to enable cheaper, faster transactions. Galaxy Commanders will be playable on PC and mobile devices, and will also make use of Immutable’s Passport wallet—a simplified, non-custodial wallet designed for gamers that integrates fiat currency.
NFTs | OpenSea | News
🔫 Oldest Golf Tournament ‘The Open’ is Coming to The Metaverse
The metaverse has attracted big players in the game in the past. A recent partnership between R&A, a group of golf-focused companies, and Golf 5, a virtual reality focused company, is bringing the oldest tournament in the game, The Open, to the metaverse. According to the announcement, R&A wants to attract new audiences via advanced technologies. The metaverse golf tournament is dubbed ‘The VR Open.’ Winner of the virtual reality event will receive a ticket to The 152nd Open. The R&A CCO, Neil Armit, said, “We have created The VR Open so that fans can engage with the Championship like never before using technology and the Metaverse.” Golf 5 President, Antonio Marine, stated, “We are thrilled to partner with The R&A to bring an immersive and authentic golf experience to life through virtual reality. Our goal is, and always will be, to grow the game we all love globally.” Tournament’s finale will take place between July 15 and August 19, 2023. The experience will allow qualified players as Green Badge Players while non-qualified players can play as Red Badge Players. Additionally, qualifiers are eligible for a vanity card unlocking access to The Virtual Open Zone at Hoylake, England,
NFTs | OpenSea | News
🏦 Coinbase NFTs Launches New Creator Hub
Coinbase NFT, the NFT marketplace arm of popular cryptocurrency exchange Coinbase, has launched a new “Creator Hub” that aims to provide a full set of tools for NFT creators. The new platform allows creators to launch and market their NFT collections and offers a range of features to help them build and grow their audience. Creator Hub is a one-stop-shop for NFT creators providing a comprehensive suite of tools and resources to help them launch, promote and manage their NFT collections. The platform offers a simple three-step process to launch an NFT collection, making it easy for creators to get started. The first step is to create an NFT collection, then add assets to the collection, and finally, publish the collection to the marketplace. Coinbase NFT Creator Hub is a significant update to its platform, and it is the first time in a while that the company has released such an update. The move is seen as an attempt by the company to keep pace with the growing demand for NFTs and stay ahead of the competition in the NFT market. The launch of Creator Hub has been welcomed by the NFT community, with many users praising the company for its efforts to support creators.
NFTs | OpenSea | News
🖼 Vodafone confirms rumors of Cardano NFT plans
Vodafone Germany, a major telecom company, announced plans to launch a series of Cardano-based non-fungible tokens on June 28. The representative stated that Vodafone’s plans are still in the early stages. He said that the company has not decided what utility and benefits the tokens will carry but noted that the first 1,000 members of the Discord community will receive rewards. The representative said that Vodafone Germany chose the Cardano (ADA) blockchain due to its “community, sustainability, [and] cross-chain possibilities.” The representative warned the public not to click on any airdrop links, which implies that any tokens that appear to be related to the project are fraudulent. He also suggested that the project is limited to Vodafone Germany at present but noted that the company is exploring ways to include international community members. The representative added that there will be no “whitelist” that restricts access. Rumors around Vodafone’s plans emerged earlier on June 27, when the company’s Twitter account linked to its Discord server in anticipation of its announcement. Vodafone is the world’s ninth-largest telecom company. The company brought in $52.2 billion of revenue in 2020, according to its annual report from that year.
NFTs | OpenSea | News
🖼 Unique Network Launches Revamped NFT Marketplace Offering Increased Utility to Creators
Unique Network, an established parachain in the Polkadot Network, has launched its advanced NFT marketplace: Unique NFT Marketplace. The decentralised NFT marketplace was developed to support self-custody, permissionless, and curated content while offering next-generation NFT utility tools to creators. The marketplace provides an immersive experience by enabling users to trade NFTs on Unique Network and Quartz Network seamlessly. This is the next step in the NFT movement where a marketplace allows creators to add their own utility. The Unique NFT marketplace offers advanced NFT integrations, NFT customisation, and creator royalties. Anyone can create interconnected tokens of collections, while nesting functions deliver parent-child relationships between NFTs, ideal for games. Creators can personalise tokens using customizable NFTs opening doors to unique collections, customizable in-game items and immersive digital fashion experiences. Alex Mitrovitch, founder and CEO of Unique, also stresses the robust royalty system. "We believe it is important to support creator income across their NFT lifecycle in a fair and transparent process, regardless of where the NFTs reside."
NFTs | OpenSea | News
📣 Melania Trump launches ‘1776’ NFT collection ahead of July Fourth to benefit foster kids
Former first lady Melania Trump is launching a new collection of non-fungible tokens (NFTs) to celebrate Independence Day inspired by U.S. landmarks. The NFTs include the Statue of Liberty, Mount Rushmore and the Liberty Bell. Each piece includes "a patriotic-themed music track." According to the former first lady’s office, each collectible represents an aspect of Americana and was designed to acknowledge the "foundations of American ideals." An NFT is permanently and immutably minted onto a blockchain. In this instance, Trump uses an "eco-friendly proof-of-stake blockchain protocol" named "Solana." "The 1776 Collection of artwork draws inspiration from several iconic landmarks of our nation, which I had the privilege of visiting during the time I served as first lady," Trump told Fox News Digital. "Each piece provides a view into our nation’s history, culture and patriotism. The 1776 Collection will be available for purchase beginning June 29 through USA Memorabilia. Each item costs $50. A portion of proceeds will go toward Fostering the Future, a Be Best initiative that helps to secure educational opportunities and scholarships for children in the foster care community.
NFTs | OpenSea | News
🖼 Ledgible Launches NFT Suite - NFT Management, Portfolio Tracking, & Accounting Software for NFTs
Ledgible, the leading digital asset tax, accounting, and data platform for Enterprises & Institutions, today announced the company launched its new NFT Suite, a professional offering for NFT portfolio management, tax & accounting tracking, reporting, and year-round planning. This new offering seeks to bolster the growing and thriving NFT space, providing industry-leading tax and accounting software for NFTs and a full-service portfolio and tracking tool for active investors, traders, funds, and more. The NFT Suite is positioned as its own module to Ledgible's industry-leading tax and accounting suite, allowing funds, firms, investors, institutions, and professionals easy and native access to their Ethereum-based NFT portfolios. The platform tracks and automatically presents realized and unrealized gain/loss data for NFTs, alongside floor price and cost, allowing investors to make informed buying and selling decisions. The Ledgible Digital Asset Tax and Accounting Platform is built from the ground up to streamline digital asset accounting operations. Ledgible enables companies to account for and manage digital asset data at scale. As a SOC 1 & 2 Type 2 Certified platform, Ledgible is the trusted provider of choice for large banks, fintech providers, and digital asset.
NFTs | OpenSea | News
🔫 Yuga Labs backer blames speculators for BAYC crash
Last week was one of the worst on record for holders of Bored Ape Yacht Club NFTs, with prices reaching a low point not seen since late 2021. One investor in BAYC creator Yuga Labs, the $4 billion startup, blames traders. BAYC’s floor price — the price of the cheapest item in an NFT collection — dropped below 34 ETH ($64,000) for the first time since November 2021, according to The Block Research data. That coincided with a period of heavy selling. Some attributed the crash to the actions of rapper-turned-NFT enthusiast Jeffrey Huang, otherwise known as Machi Big Brother, who suddenly offloaded 50 apes. Huang has recently drawn the ire of crypto Twitter over suing blockchain sleuth ZachXBT for defamation. But Lior Messika, who runs crypto venture firm and Yuga Labs-backer Eden Block, sees rife speculation as the bigger driver of the decline in BAYC prices. “The NFT market of today rewards traders and speculators, not builders utilizing the underlying IP in creative and valuable ways,” said Messika, whose fund recently hired the former CEO of Goldman Sachs in Israel. He added that NFTs are highly risky assets and often “first to suffer” in volatile markets.
NFTs | OpenSea | News
🖼 Undeads NFT Collection Grows by 530%
Undeads Metaverse stands out as an exceptional performer among web3 GameFi projects, defying industry norms. Following an impressive initial mint that generated $1M USD in sales, the floor value of the Undeads NFT collection has experienced triple-digit growth. As of the time of this publication, the floor price for Undeads Mystery Boxes NFTs has surpassed 0.4272 ETH, a significant increase from the original 0.08ETH at the close of the sale. This extraordinary success can be attributed to several key factors. Firstly, the Undeads Metaverse distinguishes itself with its high production quality, ensuring a visually captivating and immersive experience for users. Furthermore, the collection features an exclusive set of legendary zombies, which are unveiled when the holder opens a mystery box, adding a sense of rarity and excitement. Additionally, the highly anticipated Undeads Runner, inspired by Yuga Labs' Dookey Dash, enables NFT holders to earn rewards on their Undead NFTs ahead of schedule, further enhancing the value proposition. These factors, combined with a dedicated and passionate community, demonstrate Undeads Metaverse's commitment to propelling Web3 to the forefront of the gaming industry.
NFTs | OpenSea | News
📣 Unlocking Maggi’s flavour in the NFT space
Several FMCG brands, including Cadbury, Tata Tea and ITC, have entered the Metaverse. This month, Nestlé Maggi joined this list, by partnering with OneRare. Metaverse is basically a virtual space where brands can connect with users, fostering consumer engagement and brand loyalty. All this happens in the virtual realm, of course. According to Technavio industry analysis, the FMCG market within the Metaverse is projected to grow by $2.11 billion from 2021-26, at a CAGR of 21.8%. Rajat Jain, head of foods business at Nestlé Maggi, explains, “Indians know Maggi quite well. We are in the food space and an ally to cooking. We aim to stay in step with the consumers and anticipate their future needs.” Supreet Raju, co-founder of OneRare, shares the excitement in bringing Maggi into the world of Web3 and NFTs, stating, “The objective was to introduce Maggi to new gamers.”. Metaverse was the buzzword last year, with brands across categories making their foray into the space. Since then, the NFT market has experienced a cooling down and decline in sales. Additionally, oversaturation in the market with numerous NFTs, contributed to a decrease in their perceived value.
NFTs | OpenSea | News
🇨🇳 Shanghai targets US$6.9 billion metaverse revenue from culture, tourism projects
Shanghai, which has a population of about 29 million people, aims to build 30 culture and tourism metaverse projects by the end of 2025 to focus on what it calls smart tourism, as well as virtual performances, digital artwork, and others, according to the plan by the city’s municipal administration of culture and tourism. The project includes integrating metaverse technologies into the city’s real-world tourist attractions so visitors can interact with the sites through augmented reality. Shanghai will also promote development of digital artworks on blockchains, explore the integration of digital artworks in platforms such as video games, and support metaverse entertainment businesses, including what it called virtual idols. The city’s plan lists blockchain, extended reality, and artificial intelligence among the key technologies for metaverse development. It includes a project to build a consortium blockchain ecosystem and standard to improve the interoperability of on-chain digital artworks. The culture and tourism sector is just part of Shanghai’s metaverse ambitions. In July 2022, the city named metaverse technology as one of three “new tracks” in its economic development, along with intelligent terminals and low-carbon industries.
NFTs | OpenSea | News
📣 Bored Ape Yacht Club NFT Prices Plunge as Machi Big Brother Makes Major Moves
The price of Bored Ape Yacht Club NFTs saw turbulence over the weekend as Jeffrey Huang, also known as Machi Big Brother, initiated a a flurry of Bored Ape sales and then followed up with several purchases of NFTs from the collection. In total, Huang sold over 50 Apes over the past couple of days, according to data from NFT marketplace Blur. In one transaction alone on Saturday, Huang cashed in 19 Apes at once for 651 Ethereum on Blur, worth around $1.2 million, as of this writing. Viewed widely as one of the leading NFT collections, the floor price of Bored Ape Yacht Club NFTs has already faced pressure over the past several months, but the collection sank to its lowest point priced in Ethereum since November 2021 amid Huang’s moves. For comparison, the floor price for Bored Ape NFTs peaked at around 152 Ethereum in April 2022. But the so-called “blue chip” NFT collection saw that figure recently skid to around 33 Ethereum or $62,000, according to NFT Price Floor. NFTs are unique digital tokens tied to the ownership of an item, often digital art. And the Bored Ape Yacht Club collection is valued at over $737 million, second only to Crypto Punks in terms of market capitalization.
NFTs | OpenSea | News
📣 Arbixel Opens the Minting Phase for Its Genesis NFT Collection
Arbixel has recently opened the minting phase for its Genesis NFT collection. The team behind Arbixel is a fully-doxxed group from Finland and Estonia. These founders have ambitious plans to create a thrilling play-to-earn platform with vibrant NFTs. The tokenomics of Arbixel creates liquidity, rewards existing holders with USDT, and provides funding for development and marketing. With their strategic gameplay, users can turn real-world rewards into exciting adventures in blockchain gaming. Arbixel will feature two NFT collections: "Genesis" and "Bixel." The Genesis collection will consist of 512 pieces with special abilities. Among these, it’s possible to mention boosted stake & earn, play & earn, and increased in-game earnings. In addition, these NFTs will also provide access to alpha game releases and limited in-game items & NFT airdrops. Meanwhile, the Bixel collection will be a regular play-to-earn (P2E) collection. These tokens will provide access to stake & earn, play & earn, alpha game releases, and increased in-game earnings. These NFTs are the foundation of the Arbixel ecosystem, providing players with unique advantages to enhance their gaming experience.
NFTs | OpenSea | News
📣 Bored Ape Yacht Club NFT Prices Are Plunging
The minimum trading price of top Ethereum NFT collections, including the Bored Ape Yacht Club and CryptoPunks, have plunged over the last 24 hours, continuing a trend of sharply falling prices for so-called “blue chip” NFTs. The floor prices of CryptoPunks and Bored Ape Yacht Club dropped by nearly 8% and 7% respectively over the last 24 hours, per CoinGecko data. Nansen’s Blue Chip 10 index of the top 10 NFT collections has dropped 31% year-to-date. In recent weeks, the Bored Ape Yacht Club has sustained sharper losses, with the “floor price”—or the cheapest listed NFT on a secondary marketplace—falling nearly 19% over the last 30 days when measured in ETH. A Bored Ape starts at 36.4 ETH, or about $68,200. That’s the lowest Bored Ape floor price, in ETH terms, measured by NFT Price Floor since November 2021, when the project was just taking flight. Meanwhile, Mutant Ape Yacht Club prices are down 26% in ETH terms over the past 30 days, now starting at 7 ETH or $13,150. CryptoPunks prices have fallen less than 3% in the same timeframe. The Bored Ape price floor peaked at 152 ETH in April 2022.
NFTs | OpenSea | News